Robinhood Welcomes Wormhole (W) & Jupiter (JUP) Trading in Europe
Robinhood Crypto has announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This move marks a significant expansion of the platform's cryptocurrency offerings.
Rewards for Trading
The crypto exchange is offering rewards for trading, including a €500 reward with up to a 10% bonus on net purchases during the first 30 days of user sign-up.
JUP & W Prices Fall, What’s Next?
Despite the optimistic listing chronicle, JUP’s price showed signs of a pullback, dipping 7.11% in the past 24 hours to $1.10. W’s price chart showed a fall of 6.76% over the past day to $0.5751. The slump in prices primarily follows the broader market’s movement.
About Wormhole (W)
- Wormhole is a popular bridge connecting various blockchains.
- W is the governance token of the cross-chain blockchain protocol Wormhole.
- Wormhole plans to distribute 10 billion W tokens over four years, with an initial release of 1.8 billion.
About Jupiter (JUP)
- Jupiter is a DEX aggregator on Solana that is designed to help users discover the "best price" in one place.
- JUP is the native token of Jupiter.
- Jupiter offers additional services and features including a limit order swap feature that allows users to set preferred conditions for their transactions, along with dollar-cost averaging (DCA), enabling users can to set up periodic purchases over a time period.
Additional Points
- Wormhole raised $225 million in funding from Coinbase Ventures, Multicoin Capital, Jump Trading, and more, valuing the company at an impressive $2.5 billion.
- Jupiter was launched in 2021 and is dedicated to creating a platform for DeFi enthusiasts on the Solana network.
- Jupiter claims to process an average of $350 million worth of crypto assets trades daily from over 100,000 unique wallets.
